Tencent Partner PlaysOut Said to Eye Funds at $150 Million Value

Gaming technology startup PlaysOut is considering raising as much as $15 million in new equity financing at a valuation topping $150 million, according to people familiar with the matter.

The company has begun talks with prospective investors including Middle Eastern sovereign wealth funds and some top-tier venture capital firms globally, the people said. PlaysOut may use the proceeds to boost its commercialization efforts, they said.